SMC Update 3-7-23

03/07/2023


Comments (11)
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josephk4072
josephk4072

New sub - love and appreciate your content, especially the non-market related topics!

dcarter8883312
dcarter8883312

Thanks Peter

Pretty Aunt Nice to pay tribute to her. I’m reading old books about markets In that period. ~Dorothy

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dcarter8883312
dcarter8883312

JPMORGAN Hypothesized a 5% drop in the $SPY within 5 min, that would force all outstanding 0DTE position to be unwound which could lead to $30.5B of delta selling and a 20% pullback Source: Trader on Twitter

I agree The BIG SWINGS we’ve been seeing are because of the large Volume in Zero DTE Options. ~Dorothy

mahesh28k2207
mahesh28k2207

Hi Peter , Small world i lived in lowell for 11 years right on pawtucket blvd right by U mass lowell . And that lowell sun is costing $1.50 reg Sunday is $2.50 but it's almost 100 years . The lowell sun building in downtown is still there . Thank you .

spencerdavis2000
spencerdavis2000

hey Peter. wow that was super interesting how they made that picture look like that. Amazing. thanks for sharing.

Yadunath
Yadunath

Thanks, enjoyed the market round-up. Yes, the next round of slide may have started. The 6th March high of the retracement rally in SPX cash index was in the region of 0.618 of the slide from 14-Feb until 2-Mar.

The 1929 snippet was fine. We are all humans and we all have our fond memories. We will be reduced to zombies without our emotions, which is what makes us humans.

mjfnoche2387
mjfnoche2387

I didn't know you were from Lowell. How interesting. I know Lowell very well.

brian1469
brian1469

Thanks Peter love hearing the stories.

Also looks like we had a sideways night so if we can fall this morning into the projections we should have a decent shot at lower projections.

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daniel039209
daniel039209

Very enjoyable and interesting, thank you for sharing that history

dcarter8883312
dcarter8883312

Peter DJIA is close to breaking down below neckline. Please look for Projections for us. Thanks 🙏 ~Dorothy

arcon00224
arcon00224

Great photo restoration and way to keep her memory and story alive Peter!

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